A lawsuit alleging that Meta Platforms and CEO Mark Zuckerberg deceived shareholders about their capacity to protect youngsters using Facebook and Instagram was dismissed following the company's proxy statement. U.S. District Judge Charles Breyer of San Francisco ruled on Tuesday that plaintiff Matt Eisner had not proven that Meta's alleged deficient disclosures caused stockholders to incur financial losses.
A lawsuit alleging that Meta Platforms and CEO Mark Zuckerberg deceived shareholders about their capacity to protect youngsters using Facebook and Instagram was dismissed following the company's proxy statement. U.S. District Judge Charles Breyer of San Francisco ruled on Tuesday that plaintiff Matt Eisner had not proven that Meta's alleged deficient disclosures caused stockholders to incur financial losses.